Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The SPX only took one day to reach the minimum mentioned in the last post. If this is an expanded flat (as depicted in my main wave count above), wave c (pink) is just a eyelash shy […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from Elliott WavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from Elliott WavePredictions.com. Click on the chart twice to enlarge. Based on the futures pre-open this morning, it appears most likely now that we are seeing a large ending expanding diagonal in the SPX. If that (relatively rare) wave count is correct, and if my labeling […]
Elliott Wave Analysis if the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis if the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The upside breakout in the Euro after the news release just now from the EU summit brings this potential wave count to mind, where the Euro may be in a wave 3 green within wave c […]
Elliott Wave Analysis of the Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. I’m seeing a possible 4th wave triangle in several US equity correlated items (like the AUD/USD currency pair, for instance), with the terminal upward thrust out of the triangle either complete, or nearly so. […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. We may have a wave 2 blue top in for the Euro, but the upward movement from the early October low is just as likely to be a zigzag for wave “a” pink. Either way, there […]
A less bullish alternative for the SPX . .
Here’s a shout out to Conan M. for sending in this alternate count, which depicts a possible ending expanding diagonal to complete an upward impulse from the Oct 4 low. All of the requirements of an ending expanding diagonal have been reasonably met. If this count is correct, the question moving forward would be whether […]
Quick Update on the S&P-500 and Euro by Sid from ElliottWavePredictions.com
The Euro and the S&P just moved past the upside invaldation point of the triangle scenario. It is therefore possible that wave B black in the SPX already finished as either a running flat, or a WXY combination, and an upward 5-wave impulse for wave C black is underway, starting either from the Oct 18 […]
Elliott Wave Analysis of the S&P-500 Index (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 Index (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Movement in equities and currencies is suggesting the possibility of a triangle formation, which means that downward movement may be quite limited at this time. 1191.48 is the SPX “line in the sand” between a running […]
Elliott Wave Analysis of the S&P-500 Index (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 Index (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. My long-time primary expectation that equities will “hold up” thru year end is still in-tact, and is supported by long term wave structures in the US Dollar and Oil that require several more weeks of corrective […]
Elliott Wave Analysis of the S&P-500 (ES futures contract) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 ES futures contract by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The most recent whipsaw may be complete, and I think the S&P is getting close to starting into a move back to the bottom of the recent range. The fact that a large WXY combination […]
